The company DIM commissioned 80.5 thousand square meters in 2024, with plans to commission over 100 thousand square meters in 2025, said managing partner Alexander Nasikovsky to the Interfax-Ukraine agency.
“According to the latest data from LUN, in Kyiv, 10.7 thousand new apartments were commissioned over the past 12 months (the first to third quarters of 2024 plus the fourth quarter of 2023). Almost 10% of this figure comes from DIM. In 2024, we commissioned 1,191 apartments with a total area of 80,467 square meters across three complexes: ‘New Autograph,’ Lucky Land, and Park Lake City,” he reported.
Nasikovsky also noted that this year the company began construction of a new premium segment complex, The One, in Kyiv at Mechnikova St., 7b. The complex, which will feature 140 apartments, is designed to offer a 5-star hotel service, panoramic views in 360 degrees, a gated area with round-the-clock security, an underground parking facility with car lifts, a public space of 1,400 square meters, two conceptual terraces—Front Yard and Secret Garden—and an outdoor swimming pool.
“This is the first residential project in Ukraine with nano-water purification and HEPA air filtration. We plan to complete construction of the complex in the second quarter of 2028,” stated the managing partner of DIM.
In 2024, DIM successfully attracted targeted financing from domestic strategic investment partners for the development of existing and prospective projects.
“According to the signed agreement, we are not disclosing the amount of investments or the names of Ukrainian investors for now, but we can say that this reflects a high level of trust in us and confidence in Ukraine’s future. We believe in Ukraine and continue the construction of six of our complexes: ‘Metropolis,’ Park Lake City, Lucky Land, A136 Highlight Tower, Olegiv Boutique Residence, and The One,” emphasized Nasikovsky.
Regarding plans for 2025, the managing partner announced the launch of a new premium-class suburban project (location and brand are not disclosed yet), as well as plans to commission a significant volume of housing.
“In 2025, we plan to commission over 100 thousand square meters: the A136 Highlight Tower complex, building No. 3 of the ‘Metropolis’ complex, building No. 4 of the eco-complex Lucky Land, and buildings 1.5, 2.1, 2.2, 2.3, 2.4 of the VITA district, as well as buildings 1.1 and 1.3 of the AQUA district in the suburban business-class complex Park Lake City,” the expert listed.
Nasikovsky noted that one of the main trends in the real estate market for 2024 is that consumers have gradually adapted to the challenges of wartime.
“If in 2023, after missile strikes on Ukrainian cities, market activity would halt for almost a week, this year we see that the current military actions, while impactful, no longer have such a significant influence on buyer activity in the market. People have started to live in the present and make plans for the future,” he stated.
The expert also pointed out the significant impact of the state programs "eOselya" and "eVidnovlennya" on the real estate market. According to him, since DIM joined the "eOselya" program in the spring of this year, about 30% of inquiries at DIM's sales offices are related to this program, with approximately 10% transitioning to actual transactions. In early September 2024, the first agreement was signed under the state program "eVidnovlennya" in the eco-city of Lucky Land.
“State programs continue to support activity in the residential real estate market today and will influence it in 2025. However, the main change in the real estate market in 2024 is the tax changes (increase of the military tax to 5%) introduced at the end of 2024, which will have several significant consequences for the residential real estate market,” he noted.
Nasikovsky stated that the increase in military tax will lead to higher costs for construction material producers, logistics providers, contractors, and other market participants, consequently driving up the price per square meter in new buildings. Additionally, this will impact buyers’ choices as they now view housing as an investment tool and may start seeking alternative options for their funds.
“However, despite these challenges, we remain optimistic and see that the real estate market continues to gradually adapt and find new opportunities for development,” he summarized.
Regarding the behavior of buyers looking for housing for themselves, Nasikovsky observed that in 2024, some began to shift from the secondary market to the new build market.
“This is facilitated not only by the state programs 'eOselya' and 'eVidnovlennya,' but also by internal financing programs from developers. For example, DIM is developing internal lending programs, offering flexible purchasing conditions and extending payment terms as an alternative to state programs,” he reported.
DIM offers an installment program for up to 5 years with an initial payment of 20%; a program with flexible payment terms, where the buyer pays an initial payment of 30% until the construction is completed, and the remaining amount is paid over two years after the property is ready.
“Also, for the first time in the real estate market, DIM introduced a financial guarantee program—contractual conditions between the investor and the company include penalties of 0.03% in favor of the client for each overdue day according to the readiness schedule. This program is already in effect in the A136 Highlight Tower, Olegiv Boutique Residence, and Park Lake City complexes. We are working on implementing the financial guarantee in our other projects,” Nasikovsky stated.
When it comes to buyers’ requirements for properties, safety and energy independence remain top priorities.
“The presence of access control systems, video surveillance, security, and especially underground parking or shelters are the main requests of every second buyer. There is an increasing focus on the energy independence of buildings, including the availability of solar panels, generators, and uninterrupted power supply systems for energy, heat, and water, which ensure the autonomy of buildings,” the expert noted.
He emphasized that overall, future residents, as before the war, pay great attention to infrastructure within and around residential complexes, the presence of green spaces, modern playgrounds and sports areas, schools, and kindergartens, as well as convenient transportation connections. People are increasingly looking for housing for themselves, hence they prefer projects with the concept of a "15-minute city."
“If the active phase of the war continues in 2025, the housing market will not change significantly. However, it is already evident that the prices of new buildings will increase by an average of 15-20%. Among the reasons are changes in taxation, inflation, and rising construction material costs. We hope that demand will gradually increase, and state programs will stimulate it,” Nasikovsky concluded.